Global Trade Alert
Global Trade Alert

China: Struggling electric vehicle firm gets $1.45bn cash injection from government

Announcement

28 May 2019

May 28th, 2019 - A Chinese car manufacturer received a government bailout.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

28 May 2019

Revocation date:

No revocation date

Updated: 28 May 2019
Equity stake In force

On May 28th, 2019, according to consistent press reports, it was revealed that the Chinese electric vehicle (EV) manufacturer NIO had formed a joint venture with the state-owned firm E-Town Capital...

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